Facebook Stock Jumps 9 Percent

    A Facebook logo is seen through the windows of the NASDAQ stock exchange as people walk by on Times Square in New York, May 17, 2012. Facebook is set to go public on May 18, 2012 and is likely to have an estimated market valuation of over 100 billion USD when its shares begin trading on the NASDAQ. AFP PHOTO/Emmanuel Dunand (Photo credit should read EMMANUEL DUNAND/AFP/GettyImages)

    Emmanuel Dunand / AFP / GettyImages

    Has Facebook put its shaky IPO days behind it? The company reported a 32 percent increase in third-quarter revenue, bringing its total to $1.26 billion. The gains translated to a 9 percent jump in the company’s stock price, which shot up to $21.22 on Tuesday during after-hours trading. Facebook’s mobile advertising business drove the company’s revenue bounce. The rest of the market, however, did not have a good day. Disappointing third-quarter reports from companies like DuPont and 3M pushed the Dow Jones Industrial Average down more than 243 points, the single largest loss since June.

    Read it at Reuters